One Retailer's Example of Creating "Benefit Offers"
All the meals at Vivendiâs Restaurant had always included a salad and bread with every meal, sort of the traditional Italian approach. However, owners Nick and Lucia were on vacation in the Bahamaâs and they got a great idea on how to offer something more. They stayed at a hotel that offered an all inclusive package with breakfast, lunch and dinner as a part of the package with even a glass of wine with dinner. When they came back they started to offer a special meal every night which included dessert and a glass of wine with the meal. They price this package at about $5 less than the combination was separately. Not everyone purchased this package, but about 10-15% of their customer bought it. Lucia then suggested that they try a wine special. Two glasses of wine with any meal for $10 for a savings of about $3 per glass. This helped increase their wine sales which had been slipp
ing with their customers cutting back.
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Be careful to not reduce your price too far in a recession